Rubrics Morning Comment 17.04.23 – Rubrics – Asset Management

17th April 2023

Treasury Yields Rise Sharply, Pricing In a Fed Rate Hike by June

Fed swaps show nearly 90% chance of quarter-point hike in May

Fed Governor Waller says core inflation remains far too high

https://blinks.bloomberg.com/news/stories/RT4DEKDWX2PV

Fed’s Waller Urges More Tightening With Inflation Far Too High

‘There is still work to do’ on inflation, Fed governor says

It’s unclear how much bank stresses will curb growth, he says

https://blinks.bloomberg.com/news/stories/RT42LYDWLU68

Fuel That Powers the Global Economy Is Flashing Recession Signs

US demand seen dropping 2% in 2023, with West Coast hit harder

Trucking and container port activity both inch lower in China

https://blinks.bloomberg.com/news/stories/RT8GVLT0G1KW

Oil Steady After Four Weekly Gains as IEA Warns of Price Rises

OPEC+ cuts to tighten the market more than expected, IEA says

WTI trades above $82 a barrel after closing 0.4% higher Friday

https://blinks.bloomberg.com/news/stories/RT8W73T0G1KW

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